funding a used aston- how do fund yours?
Discussion
I financed my V12. £35k down the other on the drip. Planning and not wanting to pay silly amounts in tax were the reasons for me doing it. Car hasn't really lost any value at all. Fair play to the cash boys but for the rest of us finance is a viable options.
Did the same with my v8 and it wasn't as costly as you'd think.
Did the same with my v8 and it wasn't as costly as you'd think.
UltraAston said:
With financing rates relatively low you'd be better off putting your money to work if your risk-adjusted return in an investment is greater than your cost of financing.
This.But do the maths on the TOTAL cost of ownership. And it will be a cost. Most of the monthly cost will be the depreciation.
DAVIDOXE said:
Was reliably informed at the dealer that 9 out of 10 cars new and used cars are financed to varying degrees.
Surely if there wasnt anyone willing to finance then these vehicles would not be available to those fortunate to buy outright.
Yes, and a big thank you to the purchasers of new Aston Martins, who keep the factory going and also provide the stock of three year old bargains.Surely if there wasnt anyone willing to finance then these vehicles would not be available to those fortunate to buy outright.
Jon39 said:
Yes, and a big thank you to the purchasers of new Aston Martins, who keep the factory going and also provide the stock of three year old bargains.
My pleasure 
plus it means a car will be available that does not have a black interior (or exterior for that matter
Seriously though, I have friends and acquaintances who could purchase cars outright but choose to finance them because they feel they can make their own money work harder than the finance rate being charged.
hashluck said:
Seriously though, I have friends and acquaintances who could purchase cars outright but choose to finance them because they feel they can make their own money work harder than the finance rate being charged.
A concept that can work very well.
However, I am sure that you have intelligent friends, who will know that gearing difficulties can occasionally arise. It usually follows unexpected events (health, employment, markets, business etc.).
Neil1300r said:
You are lying on your deathbed discussing your finaces with your children. "I've finally got enough cash to buy the Aston I've always dreamed of...."
Interest rates are increadibly low, various finance options avialble.
ha ha, its on my death bed that my daughters get an Aston!Interest rates are increadibly low, various finance options avialble.
66MK said:
For me, I waited at least 20 years whilst I saved up the money to buy my Aston. I walked into the dealer having done my research (everyday, for all of those 20 years!) and I bought exactly the model and year and spec that I wanted. Only two had come up for sale that year and I bought the second one. It is mine. Having paid for it out right I have an Aston Martin in the drive that I can afford and for me, that was the target.
Anyone can leverage and get the money to buy one, 'afford' for me doesn't mean being able to service a debt.
Wait, buy it cash and you will deserve it. Borrow and if you are honest with yourself, you just won't quite feel the same.
Having said that, if time is not on your side, sell everything you have except the garage, borrow as much as you can get and buy one - they are stratospherically.....list of superlatives.... amazing!
PS have a spare 10K available for misc. costs....BR exhaust, full detail, carbon bits and bobs, etc etc etc!
This to my mind is taking being sensible to the extreme. I'd never do this, I wouldn't have the patience. If I wanted something so desperately that I'd save for 20yrs, I'd just take the hit on the finance and get it today. Life is finite, and 20 yrs is a massive chunk of that to be spent missing out!Anyone can leverage and get the money to buy one, 'afford' for me doesn't mean being able to service a debt.
Wait, buy it cash and you will deserve it. Borrow and if you are honest with yourself, you just won't quite feel the same.
Having said that, if time is not on your side, sell everything you have except the garage, borrow as much as you can get and buy one - they are stratospherically.....list of superlatives.... amazing!
PS have a spare 10K available for misc. costs....BR exhaust, full detail, carbon bits and bobs, etc etc etc!
Edited by 66MK on Sunday 5th July 02:16
SlartiF430 said:
66MK said:
For me, I waited at least 20 years whilst I saved up the money to buy my Aston. I walked into the dealer having done my research (everyday, for all of those 20 years!) and I bought exactly the model and year and spec that I wanted. Only two had come up for sale that year and I bought the second one. It is mine. Having paid for it out right I have an Aston Martin in the drive that I can afford and for me, that was the target.
Anyone can leverage and get the money to buy one, 'afford' for me doesn't mean being able to service a debt.
Wait, buy it cash and you will deserve it. Borrow and if you are honest with yourself, you just won't quite feel the same.
Having said that, if time is not on your side, sell everything you have except the garage, borrow as much as you can get and buy one - they are stratospherically.....list of superlatives.... amazing!
PS have a spare 10K available for misc. costs....BR exhaust, full detail, carbon bits and bobs, etc etc etc!
This to my mind is taking being sensible to the extreme. I'd never do this, I wouldn't have the patience. If I wanted something so desperately that I'd save for 20yrs, I'd just take the hit on the finance and get it today. Life is finite, and 20 yrs is a massive chunk of that to be spent missing out!Anyone can leverage and get the money to buy one, 'afford' for me doesn't mean being able to service a debt.
Wait, buy it cash and you will deserve it. Borrow and if you are honest with yourself, you just won't quite feel the same.
Having said that, if time is not on your side, sell everything you have except the garage, borrow as much as you can get and buy one - they are stratospherically.....list of superlatives.... amazing!
PS have a spare 10K available for misc. costs....BR exhaust, full detail, carbon bits and bobs, etc etc etc!
Edited by 66MK on Sunday 5th July 02:16
As for blowing the savings + getting a loan.... ooooh, that would let me look at some nice cars...... I'm tempted myself now!
SlartiF430 said:
This to my mind is taking being sensible to the extreme. I'd never do this, I wouldn't have the patience. If I wanted something so desperately that I'd save for 20yrs, I'd just take the hit on the finance and get it today. Life is finite, and 20 yrs is a massive chunk of that to be spent missing out!
An interesting situation in this instance, because the 20 years between 1995 and 2015 saw Aston Martin building very different cars. I have not even sat in the 1995 cars, but I suspect a current V8 Vantage provides a much more satisfying drive, than the earlier cars.
So, it is a 6 cylinder DB7 or a Newport Pagnell Virage on finance, or it is a V8 Vantage for cash.
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